Fantom (FTM) could be going bullish!🙁Fantom, just trading on the 1 day time frame, forms two candle stick patterns... Which could be a big bullish break out in the market, following its recent uptrends
After forming an inverted cup and handle pattern in the past days, it remained on its key support level, then pushing of its somewhat lagging resistance area and then forming a 2 green wick, shallow pullback flag pattern.... Which are popularly noted for their extraordinary breakouts through out the year....
So the analysis suggest that if it keeps on forming strong Greenwich candle sticks and not surpassing the key Fibonacci retracement support area of 0.5 in the next few days or in about 2 weeks time in the 1 day time frame, there could be a potential breakout with the current analysis, market structure and high trading volumes on popular exchanges like binance fantom blockchain project has been picking speedy growth and more adoption.
Binannce
Reason For Bitcoin Dumping Hard In 5th May COINBASE:BTCUSD is Unable to break $10000,
and drop to the support level $8900,
Main Reasons for BTC dumping are,
Technically, the BTC is now forming a Head & Shoulders Pattern, Which is a Bearish Sign.
Fundamentally, 8,200 BTC Moved From Mt. Gox Wallet..Which is another reasons for BTC dumpig.
Now the price is bounce back from $8500 Level, Which works as a Support at this time.
If it breaks the $8500 Level, then the next support will be $8300..
Lets See , Where BTC is moving...
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Time New Bank Short Term Buy OpportuniyTNB showing possible bounce from buying zone. This is a short term trade with targets at 2000, 2100 and 2200 psychological resistances. Stop loss at around 1600. Good luck!